Latest Corporate News
Vital Energy Shareholders Approve $3.1 Billion Merger with Crescent Energy
Vital Energy shareholders overwhelmingly approved the $3.1 billion acquisition by Crescent Energy, with 98% of voted Crescent shares and strong Vital support. The merger, creating a top 10 U.S. oil and gas producer across Eagle Ford, Permian, and Uinta Basins, is set to close December 15, 2025.
Leaders from both firms hailed the deal as transformative for scale and cash flow.
Confluent Stock Surges 30% on $11 Billion IBM Acquisition Deal
IBM agreed to acquire Confluent for $11 billion at $31 per share, boosting Confluent's stock 29.9% amid board and major shareholder approvals. The deal, enhancing AI data flow across clouds and APIs, expects completion mid-2026 pending regulations.
IBM CEO Arvind Krishna emphasized trusted enterprise AI deployment.
iRobot Enters Chapter 11 for Acquisition by Secured Lender Picea
iRobot signed a Restructuring Support Agreement for Picea to acquire it through a pre-packaged Chapter 11 process in Delaware, aiming for financial stability. The move positions iRobot for long-term growth, with completion expected by February 2026.
This follows challenges outlined in recent SEC filings.
Alexander & Baldwin to Go Private in $2.3 Billion Merger Agreement
A joint venture of MW Group, Blackstone, and DivcoWest will acquire Alexander & Baldwin for $21.20 per share in a $2.3 billion all-cash deal. Unanimously approved by the board, it closes Q1 2026, supporting Hawaii real estate operations.
Blackstone highlighted deepened Hawaii commitment and job support.
Pollock Company Acquires ATG Communications to Bolster Tech Infrastructure
Pollock Company announced the acquisition of ATG Communications, strengthening local technology infrastructure capabilities. The deal was reported via GlobeNewswire as a recent mergers and acquisitions update.
Details on terms remain limited in initial announcements.
Armen Living Celebrates 1-Year Anniversary of Director Holly Lightfoot
Armen Living honors Holly Lightfoot's first year as Director of Product Development, revitalizing the home furnishings brand. The announcement highlights her contributions from Valencia, CA.
It coincides with December 15 press releases.